Expected Scenarios for the GBP/AUD pair

The GBP/AUD pair is still moving in a sideways direction on the daily frame.

Currently, the pair has returned to decline again, 

testing the demand areas that were formed

after the recent upward wave, located at the 2.0362 level.

These are important areas where we are expected to see strong movement.

Expected Scenarios

Currently, we have more than one expected scenario for the GBP/AUD pair.

The first scenario is an upward one, in the event of a return and close

above the current demand areas.

The upward trend is expected to target the 2.0520 and 2.0690 levels.

The second scenario is a downward trend, which requires a break and close of a full candlestick

below the current demand areas, specifically below the 2.0243 level.

A downward trend is expected in this case, reaching the next demand areas at the 1.9921 level.

In any case, we will now wait for confirmation to enter the pair, either by buying or selling.